From Financial Modeling Prep: 2024-10-25 10:40:00

Skechers USA (NYSE:SKX) shares surged 5% after beating Q3 earnings estimates and raising full-year outlook. Q3 adjusted EPS was $1.20, above the expected $1.16. Revenue hit $2.35 billion, up 15.9% YoY, driven by 20.6% wholesale sales growth and 9.6% direct-to-consumer sales increase.

Skechers raised its full-year 2024 revenue forecast to $8.925-$8.975 billion, higher than previous guidance and Street consensus of $8.93 billion. Earnings per share projection also increased to $4.20-$4.25, beating Wall Street’s $4.17 expectation. Company’s strong performance attributed to global market demand.



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